Women’s World Banking Fintech Innovation Challenge 2021: Apply by June 11

Purposes are invited for the Ladies’s World Banking Fintech Innovation Problem 2021.

Concerning the Problem

In its third yr, Ladies’s World Banking’s Fintech Innovation Problem supplies a world stage to focus on Fintech improvements serving unbanked and underserved ladies to be able to construct their safety and prosperity within the face of world inequalities.

Regardless of years of progress in advancing monetary inclusion, practically 1 billion ladies all over the world nonetheless stay excluded from formal monetary providers, and there’s a persistent 9% gender hole throughout rising markets.

Furthermore, the financial toll of COVID-19 has fallen disproportionately on ladies, exposing their specific vulnerability to international shocks. Whereas the pandemic has accelerated the digitization of monetary providers, low-income ladies stay prone to being left behind given the distinctive boundaries they face to adoption and utilization of digital monetary providers.

Mixed with broader inequalities for ladies equivalent to rising unemployment, disparities in entry to healthcare, and the consequences of local weather change, it’s extra crucial than ever that gender equality is on the middle of restoration and progress.

Classes

Fintechs should submit options in both of one in all two classes:

  • Construct Safety and Resiliency: How would possibly we allow unbanked and underserved ladies to construct resilience via handy, safe, and dependable entry to security nets to make sure larger equality in a post-COVID-19 world?
  • Construct Financial Prosperity: How would possibly we allow unbanked and underserved ladies to construct their enterprise and family revenue and drive financial progress to make sure larger equality in a post-COVID-19 world?
Prizes

Finalists Obtain

  • Invitation to current at Ladies’s World Banking’s digital Fintech Innovation Problem in October 2021, a part of the brand new Making Finance Work for Women Thought Management Collection.
  • A digital expertise of Visa Inc’s Dubai Innovation Center, the place it is possible for you to to be a part of an immersive expertise in the way forward for funds furnished by Visa Inc.
  • One-year complimentary membership into Women’s World Banking’s Global Network.
  • Obtain precedence entry to our Gender Evaluation Methodology, Ladies’s World Banking’s proprietary method to serving to establishments turn into a model and employer of selection for ladies. The method entails your establishment finishing a web-based questionnaire adopted by a session name with our staff to talk about alternative areas to advance ladies expertise in your group and higher serve ladies clients.
  • Complimentary tickets to the Making Finance Work for Ladies 2022 Summit.

Winners Obtain

  • The Fintech Fueler Bundle:
    • Custom-made UX design steerage session furnished by Visa Inc.
    • Unique pitch assembly and suggestions session with Women’s World Banking Asset Management Team.
    • 4 1:1 management teaching and suggestions periods with one in all Ladies’s World Banking’s govt coaches.
  • A assured spot as a featured speaker at a Making Finance Work for Ladies 2022 occasion.
Who Ought to Apply?
  • Startup Fintechs based mostly wherever which might be leveraging expertise to offer monetary providers for unbanked and underserved ladies in rising markets. Options don’t have to be solely for unbanked and underserved ladies however should present deliberate intent to be inclusive of reaching the phase.
  • Fintechs must also reveal a dedication to growing ladies leaders via the presence of ladies of their senior administration staff and Board of Administrators.
  • Options ought to deal with constructing ladies’s safety or prosperity, notably in supporting resilience and restoration from international financial shocks.
  • Candidates will be pre-revenue however should reveal a viable worth proposition to succeed in unbanked and underserved ladies.
Choice Standards

Relevance & Attain

  • What number of unbanked and underserved ladies does the answer attain?
  • What methods are being deploying to succeed in unbanked and underserved ladies?

Innovation

  • How does the answer tackle systemic boundaries for unbanked and underserved ladies in a singular and differentiated method out of your opponents?

Empowerment

  • What’s the desired long-term influence of this answer? Is there a imaginative and prescient to drive in the direction of ladies’s financial empowerment?
  • How will the long-term influence be measured?

Sustainability

  • Does the enterprise mannequin reveal a path to monetary sustainability?

Scalability

  • What’s the technique for progress, and the way this answer will scale throughout markets?

Gender Variety

  • How is the establishment selling gender range and inclusive management inside the group?

Accountability

  • Does the answer deal with using finest practices in client safety and transparency?
Easy methods to Apply?

candidates can apply for the problem via this link.

Essential Dates
  • Might 6: Purposes Open
  • June 11: Software Deadline
  • Mid-July: Shortlist Candidates Chosen for Interviews
  • Early September: Finalists Introduced
  • October: Winners Introduced
Contact

E-mail: [email protected]

For extra particulars, click on the hyperlink under.

Women’s World Banking Fintech Innovation Challenge 2021
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